(Boursier.com) — The consolidated turnover of Derichebourg in the 1st half of 2022-2023 amounted to 1.8 billion euros, down -12.7% compared to revenue for the previous financial year. This decrease is mainly due to the Recycling division (-13.9%), partially offset by an increase in revenue from the Services to Communities activity (+16%).
Current EBITDA for the first half amounted to 179.2 million euros, down -21.1% compared to last year.
After taking into account €73.2 million in amortization over the half-year, current operating income amounted to €106.1 million, down -35.2% compared to the first half of last year. Operating income amounted to 112.7 ME, down -29.8% compared to last year.
Net income from continuing operations amounted to 66.4 ME, down -40.5% compared to last year. The net result of the consolidated group is 72 ME for the 1st half of the 2022-2023 financial year, down -39.1% compared to last year. It goes up to 71.5 ME to the shareholders of Derichebourg.
Outlook
In the medium term, the Group is convinced of the raison d’être and the future of recycled raw materials, because of the advantages they provide in terms of greenhouse gas emissions and energy consumption by relative to primary metal production.
The Group is also investing in cutting-edge technologies that will allow it to live up to the expectations of its customers, who will want high-quality recycled raw materials.
In the shorter term, in a context of war between Russia and Ukraine, inflation, rising interest rates and questions about the development of the economy in Europe and the United States, the group remains confident in the future of its business and its business model, which has always enabled it to increase both its market share and its profitability.
The group will pursue its development investment program to continue to create more added value, and is still exploring possibilities for external growth that would make sense from an industrial and economic point of view.
In the Utilities business, which is based on contracts, with a certain predictability of results, turnover should continue to grow, albeit at a lower rate. Profitability rates should remain stable.